USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading near the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling towards the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at +2/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards to reach 5/8 from the H4 chart.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, after rebounding from the resistance at 3/8, XAUUSD is moving below 2/8. In this case, the price is expected to continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 3/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue the descending tendency towards 0/8 from the H4 chart.
